Gate Says It Completed Tether (USDT) Dividend Credits for U.S.-Listed Shares and ETFs
Gate announced it completed dividend credits in Tether (USDT) for U.S.-listed stocks and ETFs, with a 10% withholding deduction. The process covered dividends from Oct. 13-16, including shares of Lam Research (LRCX), Intuit (INTU), Mondelez (MDLZ), Thermo Fisher (TMO), and Monolithic Power (MPWR).
How this was made
The 30-second read
Why it matters
The move signals a new way for dividend distribution, potentially appealing to crypto‑savvy investors and adding a layer of complexity to traditional dividend processing.
Market read
First disclosure of a stablecoin‑based dividend payout for major U.S. equities, modestly relevant for dividend‑focused investors and crypto‑oriented traders.
What to watch
Tax treatment of crypto‑denominated dividends and potential regulatory scrutiny could affect investor perception.
Background
Gate, a crypto‑focused brokerage, announced it has completed dividend credits for several U.S.-listed companies using USDT, applying a 10% withholding deduction.
Ticker impact
Lam Research received dividend credits in USDT via Gate's new payout method.
modest upward pressure as investors value the crypto dividend option
The new USDT dividend credit offers a novel, tax‑efficient payout, likely supporting the stock modestly.
Intuit received dividend credits in USDT through Gate's platform.
slight upward bias as the crypto dividend may attract interest
The announcement introduces a new dividend delivery method, which may be favorably received.
Mondelez received dividend credits in USDT via Gate's service.
minimal effect; any price move likely muted
While novel, the dividend size is small relative to the company, limiting market impact.
Thermo Fisher Scientific received dividend credits in USDT through Gate.
modest upside as investors may view the crypto option favorably
The new payout method could be a small catalyst for short‑term sentiment.
Monolithic Power Systems received dividend credits in USDT via Gate.
slight upward pressure in the near term
The novelty of a USDT dividend could generate modest buying interest.
Market effects
Introduces crypto‑based dividend processing to the broader dividend‑paying sector.
Primarily U.S. equity market; limited broader regional effect.
Shows growing intersection of crypto and traditional finance, but modest global impact.
Counterpoint
The crypto dividend may be a gimmick with negligible financial benefit, unlikely to move prices.
Key entities
- CompanyGate
Crypto brokerage facilitating USDT dividend credits.
- CompanyLam Research
Recipient of USDT dividend credit.
- CompanyIntuit
Recipient of USDT dividend credit.
- CompanyMondelez
Recipient of USDT dividend credit.
- CompanyThermo Fisher Scientific
Recipient of USDT dividend credit.
